Travis Kalanick to leave Uber’s board in December December 24, 2019 Travis Kalanick has resigned from the board of Uber, the ride-hailing service that he founded and helped make a global phenomenon. In a statement, Uber said that the entrepreneur would step down on 31 December to concentrate on other business endeavours. Read more: Uber co-founder takes stock sale to over $700m In a statement, Kalanick [...]
Tim Clark to step down after thirty years as Emirates Airlines president December 24, 2019 Sir Tim Clark will step down as the president of Emirates Airline in June next year, bringing to an end more than 30 years at the company. Under Clark’s leadership the state-owned business became the world’s largest airline and helped transform Dubai into a global transport hub. Read more: Emirates orders $9bn worth of Boeing [...]
Boeing fires chief executive Dennis Muilenburg over 737 Max crisis December 23, 2019 Boeing has fired its chief executive Dennis Muilenburg, nine months after the second of two deadly crashes involving his planes that killed a total of 346 people. Muilenburg, a Boeing employee of more than three decades, has been under intense pressure since a 737 Max went down in Ethiopia in March, killing everyone on board. [...]
Ryanair fails to block operation chief’s move to Easyjet December 23, 2019 Budget airline Ryanair has failed to delay its former operation chief’s move to rival company Easyjet after a court rejected its claim. The Irish High Court has rejected Ryanair’s attempt to stop Peter Bellow from joining Easyjet until 2021, saying a 12-month non-compete clause was not enforceable. Ryanair has instructed its lawyers to immediately appeal, [...]
Four London infrastructure projects that unravelled in 2019 December 23, 2019 Boris Johnson “loves infrastructure”. At least, that’s what the Prime Minister said when he was asked about the High Speed Two rail project on the campaign trail earlier this month. And it is just as well. Because some of London’s biggest infrastructure problems are creaking at the seams. If the PM were not so keen on [...]
UK approves £4bn sale of defence firm Cobham December 21, 2019 The government has agreed to allow US private equity firm Advent International to takeover the UK’s defence and aerospace company. Advent made a £4bn offer to buy Cobham earlier this year and the deal was accepted by shareholders last month. However the government held a consultation on the sale after the founding family raised possible [...]
Christmas travel disruption: everything you need to know December 21, 2019 It’s Christmas! Which means, among happier things, torturous travel planning as city-dwellers escape to the country for a few well-earned days off. But fear not – we at CityAM have put together this handy guide to make your holiday travel as pain-free as possible. Here’s a list of planned disruptions, reduced services and engineering works [...]
Regulator’s report stalls new Heathrow runway December 20, 2019 Heathrow’s new runway will be delayed by over a year after a report by the Civil Aviation Authority (CAA) restricted early spending on the expansion. The project is now expected to be completed between 2028 and late 2029, a setback of more than a year. Read more: Boris Johnson raises red flag in election over [...]
All Londoners want for Christmas is some kind of public transport December 20, 2019 This week, newspapers are reporting how the great Christmas get-away is about to begin — or better still, that the fabled seasonal shut-down is about to commence. For many readers, the break can probably not come soon enough. For sure, it has been a year of ups and downs for London and the South East’s [...]
Bridge over troubled waters: Boris backs Scotland to Northern Ireland bridge December 19, 2019 Boris Johnson love of bridges has reared its head again as the Prime Minister has suggested he could build a bridge between Scotland and Northern Island. DUP MP Ian Paisley interrupted the Prime Minister’s speech to parliament to ask him if he would build a bridge between the two countries. Read more: Conservatives pledge temporary [...]